Bonding Proposition B - State General Obligation Library, Education, and Educational Research Facility Bonds

State General Obligation Library, Education, and Educational Research Facility Bonds, $397,200,000

Shall the State of Alaska issue its general obligation bonds in the principal amount of not more than $397,200,000 for the purpose of design and construction of library, education and educational research facilities?

Bonds Yes [ ]
Bonds No [ ]

Click here for HB424

Rather then write up an entry on this I will refer you to fellow blogger at Alaska Pride. His entry on this topic is well researched and documented. If you want to know how your representative voted be sure to click on the dated links for when each branch passed it.

Commercial for yes on Propostition B “All without impacting local property taxes”

Some information:

This bond to provide for a swimming pool (Mt. Edgecumbe), State Library, Archives, and Museum facility, Replacement/Repair of some village schools, UA system (center for art and learning, arena/athletic facility, classroom/lab, student housing, career and tech ed center, campus renewal/renovation), Dep. Of Fish and Game research facility, and a vocational center.

Mount Edgecumbe High School is in Sitka.

Population in 2000 of Anchorage 260,283 Fairbanks was 30,224 Sitka 8,835.

Anchorage has 5 public swimming pools, Fairbanks (including North Pole) 3, and Sitka 2.

An informative article about the Mount Edgecumbe “Aquatic facility”.
http://www.juneauempire.com/stories/102210/sta_724421042.shtml

A commercial for yes on Proposition B states “All without impacting local property taxes”. From Alaska Pride, "A group called Yes On Prop B has been formed to advocate in favor of the bond. One of the primary players is Arliss Sturgulewski, an ardent supporter of Lisa Murkowski."


In regards to this bonding proposition I asked Tammy Wilson, "If the money source is depleted before investors are fully paid the obligation owed them will additional taxes of the people be levied?" Now I am paraphrasing her response but it was to the effect that as citizens of the State of Alaska we are approving this bonding loan effort and if passed committing to a 30 year loan. There is a chance if funding by the State runs out (example if oil price per barrel drops) "we the people" could be saddled with the payback responsibility through additional taxes or fees.

*His recommendations are not necessarily mine*